• Computer-keyboard-house-for-sale-copy

    Move/News Corp legal battle drags down Zillow Group earnings in 2015

    LendingReal Estate

    Posts net loss of $91.1 million; sees traffic decline in 4th quarter


  • LendingReal Estate

    Posts net loss of $91.1 million; sees traffic decline in 4th quarter

    The Zillow Group family of websites, which includes Zillow and Trulia, announced its 2015 financial results on Thursday, with the company reporting a pro forma net loss of $91.1 million in 2015. According to Zillow, a large portion of the net loss was driven by the legal fees associated with Zillow’s legal battle with Move, which is now owned by News Corp, over claims of allegations of trade secret theft involving Errol Samuelson, who was once Move's chief strategy officer.

This month in
HousingWire magazine

Cover Story
February 2016

Global reach: Exploring the risks and rewards of offshore mortgage servicing

Sometimes offshoring sounds like a bad word. In reality, offshore mortgage servicing simply means using remote staff, usually to take advantage of lower labor and overhead costs and round-the-clock staffing availability. But legitimate questions remain. In the midst of increasing compliance pressures, is offshoring a sound strategy for mortgage servicers looking to stay competitive, or a fast track to dissatisfied customers and trouble with the CFPB?

Commentary

Why conservatorship of Fannie and Freddie must end